Why Competing Stores Cluster: Hotelling's Model
TED-Ed · Explainer · 4 min · 2012 · YouTube title: Why do competitors open their stores next to one another? - Jac de Haan
Why it's here
HN people use it as a clear, quick explanation of Nash equilibrium and why competitors cluster.
What it covers
A short animated TED-Ed lesson in which two competing ice cream vendors on a beach illustrate why rival shops cluster together. It introduces game theory and the Nash equilibrium through the Hotelling model.